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WEP/GPO End: Teachers and Firefighters Receive Monthly Pension Boost of Up to $500
The recent end of the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) policies has brought significant financial relief to thousands of teachers and firefighters across the United States. These longstanding…
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Married Retirees Celebrate as Social Security Benefits for Couples Increase to $3,089 Monthly
Married retirees are experiencing a significant boost in their monthly Social Security benefits, with the average combined payout now reaching approximately $3,089. This increase, driven by the annual cost-of-living adjustment (COLA) announced…
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Maximum Monthly Federal SSI Payment Increase: Individuals to Receive Up to $967 Starting January 2025
The Social Security Administration (SSA) has announced a significant increase in the maximum monthly Federal Supplemental Security Income (SSI) payment for eligible recipients, set to take effect in January 2025. Beneficiaries can…
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Retrospective Payments Issued to 3.2 Million Retirees Following WEP and GPO Repeal—Discover if You Are Eligible for a Lump Sum of Thousands
Millions of retirees who have been impacted by the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) may soon receive retrospective payments following legislative changes aimed at repealing or modifying these…
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Social Security Benefits to Rise by at Least $49 Monthly in 2025
Recipients of Social Security benefits can expect an increase of at least $49 per month in 2025, marking the third consecutive year of benefit adjustments driven by inflation. The Social Security Administration…
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Understanding the Side Hustle Threshold: You Need Over $20,000 in Payments to Receive a 1099-K
For millions of Americans engaging in side gigs or freelance work, understanding the tax reporting thresholds can be crucial. The IRS requires third-party payment processors like PayPal, Venmo, or platforms such as…
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